Belize Shores Realty
San Pedro, Belize

US Houston Phone Number:
(713) 893-8023
US Fax Number:
(713) 583-5043
Belize Cell:
011-501-625-6551

Tue, 15 May 2012 13:32:14 PDT
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Coral House and Cottages

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See the update purchase options here
Most Recent Photos are at the bottom of this page!

Exquisite Up/Down Duplex w/ Rental Cottages Owner Offering Some Financing

Set in its own secure gated property the business consists of 2 large luxury condos plus 2 independent cottages totalling 4 income producing units, the business regularly runs at 100% occupancy and is Belize Tourist Board approved and licenced to trade. Guests book here to enjoy the proximity to town and the bayfront within 5 minutes walk.

Unit 1 - Garden Condo
3 bed Ground floor condo with its own 2 car automatic garage, gated street access, and private patio lounge area to the rear. Approx. 1,900sq.ft.

Unit 2 - Penthouse Condo
2 bed Top floor condo with its own independent gated street access, 1,500sq.ft. roof terrace with sea views and outdoor entertaining areas front and back. Approx. 1900 sq.ft.

Unit 3 - Orchid Cottage
A fully furnished independent and air-conditioned unit comprising full Kitchen, Bathroom, Lounge and Bedroom area in a uniquely designed open layout with vaulted ceilings. Large well stocked private gardens and lounging areas are included for the private use of the 2 cottages.

Unit 4 - Hummingbird Cottage
Identical to Orchid Cottage above.

Construction
All units are constructed to the highest standards available, full concrete material to all walls and rooves provides solid hurricane proofing. The entire property is fenced with a colonial style concrete wall including security gates and night lights.

Finishing
Top quality finishing and decorating is a hallmark of all the units, the large condos are fully furnished to a fine and high quality standard. The cottages also benefit from designer layouts and furnishings. All units have extra high ceilings, full air conditioning and heat repellent tinted glass windows.

Gardens
The property is set on 2 lots totalling 1/4 acre, the gardens are planted in lush tropical style and maintained daily to a high standard to provide a peaceful oasis for guests.


UPDATE: April 2012:

This property now has several options for purchase. You can purchase the 2 income generating cottages by themselves since they are on their own 60' x 100' lot for $275,000 USD; 

or the Coral House with its exquisite decorating and furnishings for $495,000 USD, which would make a GREAT investment home with income by renting out one or both of the condo units;

or buy the entire package at a discount of $745,000 USD!!!!!!



The units are presently being rented at rates that will return a CAP RATE of over 10% when rented long term and even HIGHER when rented as vacation units.
Income on both the penthouse and the casitas could be doubled by switching to vacation rental while you enjoy the comfort and style of the downstairs home, or rent it also for additional income. 

Corozal Town is one of the fastest growing expat communities in Belize. It is 5 minutes to the seafront and Corozal shops and market. 10 minutes to Corozal airstrip, with San Pedro 15 minutes away by plane. The fantastic Chetumal US style Shopping Malls and the new Chetumal International Airport are conveniently 25 minutes by car.

ATTRACTIONS:

* Cerros Mayan Ruin
* Shipstern Butterfly Farm
* Mennonite Communities
* World Class fishing Tarpon and Jack on the Four Mile Lagoon
* Access to Rio Hondo and Chetumal/Corozal Bay
* Access by boat to the New river and Lamanai Mayan Ruin
* Municipal Boat Docking
* Palapas and recreational areas along the Corozal Bay
* 25 minutes to huge shopping malls and medical facilities across the border in Chetumal, Mexico
* 15 minutes to Las Vegas Casino and Princess Casino
* 15 minutes to Corozal Free Zone for shopping
* Centrally located from tropical excursions, island adventures, scuba diving, eco-tourism, mayan ruins and much more.
* 20 minutes by plane to Ambergris Caye

Here are the most recent photos taken March, 2012:




Price: $745,000.00 

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